Insurance

Progressive Insurance is beginning to withdraw home insurance policies in Florida

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Progressive Insurance is beginning to withdraw home insurance policies in Florida

BRADENTON, Fla. — It was a sinking feeling the moment Bradenton resident Ira Kasdan got the letter last month that he had been rejected by Progressive Insurance. DROPPED BY PROGRESSIVE “Dear policyholders, your policy will expire at 12:01 on July 1stSt , 2024, for the following reasons. After careful consideration, we are unable to offer … Read more

Chinese insurance giant Ping An’s profit falls to 5-year low amid weakness in asset management, technology business

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Chinese insurance giant Ping An’s profit falls to 5-year low amid weakness in asset management, technology business

Ping An Insurance (Group), China’s largest insurer by market capitalization, said its 2023 earnings fell to a five-year low as strong sales of new policies were offset by setbacks in their asset management businesses and technology investments. Its net profit fell 23 percent year-on-year to 85.67 billion yuan ($11.9 billion), according to a stock exchange … Read more